JPMorgan Chase & Co. Lowers FS KKR Capital (NYSE:FSK) Price Target to $15.00

FS KKR Capital (NYSE:FSK) had its target price reduced by JPMorgan Chase & Co. from $18.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.85% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Wall Street Zen cut FS KKR Capital from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods lowered their price target on FS KKR Capital from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company lowered their price target on FS KKR Capital from $18.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada lowered their price target on FS KKR Capital from $21.00 to $18.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 26th. Finally, Zacks Research raised FS KKR Capital to a “strong sell” rating in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $17.75.

FS KKR Capital Trading Up 3.1%

Shares of FSK opened at $15.28 on Wednesday. The stock’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $19.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.40 and a quick ratio of 2.40. FS KKR Capital has a 52-week low of $14.76 and a 52-week high of $24.10.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($1.23). FS KKR Capital had a return on equity of 6.24% and a net margin of 13.24%.The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period last year, the company posted $0.75 EPS. Research analysts forecast that FS KKR Capital will post 2.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FS KKR Capital

Several institutional investors and hedge funds have recently bought and sold shares of FSK. Bison Wealth LLC grew its position in FS KKR Capital by 3.4% during the 4th quarter. Bison Wealth LLC now owns 21,935 shares of the company’s stock worth $476,000 after acquiring an additional 720 shares during the last quarter. Millennium Management LLC grew its position in FS KKR Capital by 18.9% during the 4th quarter. Millennium Management LLC now owns 52,042 shares of the company’s stock worth $1,130,000 after acquiring an additional 8,279 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in FS KKR Capital by 11.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 129,330 shares of the company’s stock worth $2,809,000 after acquiring an additional 12,782 shares during the last quarter. Parallel Advisors LLC grew its position in FS KKR Capital by 47.8% during the 1st quarter. Parallel Advisors LLC now owns 7,407 shares of the company’s stock worth $155,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in FS KKR Capital during the 1st quarter worth approximately $492,000. 36.26% of the stock is currently owned by institutional investors.

FS KKR Capital Company Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.